{"id":31144,"date":"2022-03-24T16:33:10","date_gmt":"2022-03-24T11:03:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-bom-bonds\/"},"modified":"2022-03-24T16:39:25","modified_gmt":"2022-03-24T11:09:25","slug":"biz-bom-bonds","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-bom-bonds\/","title":{"rendered":"Bank of Maharashtra raises Rs 290 cr via AT1 bonds"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1020482873\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 24 (PTI) Public sector lender Bank of Maharashtra (BoM) on Thursday said it has raised Rs 290 crore by issuing Basel III compliant bonds.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1960433468\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The bank issued Basel III compliant additional tier 1 (AT1) bonds of Rs 290 crore, including green shoe option of Rs 40 crore, on Wednesday at a coupon rate of 8.75 per cent, the lender said in a statement.<\/p>\n<p> &#8220;The issue garnered overwhelming response from investors with bids of Rs 1,055 crore received against a base issue size of Rs 250 crore, which is an indicator of the trust the investors place on the bank,&#8221; BoM said.<\/p>\n<p> The Pune-based lender said the Rs 290 crore capital raised through the AT1 bonds will support business growth of the bank.<\/p><div class=\"trade-content_5\" id=\"trade-3146931048\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The AT1 instrument is perpetual in nature with call option after five years, said the lender.<\/p>\n<p> Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt.<\/p>\n<p> The bank has credit ratings of AA (Stable) for AT1 bonds from Acuite and Infomerics rating agencies.<\/p>\n<p> To comply with Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes.<\/p>\n<p> These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.<\/p>\n<p> Indian banking system has been implementing Basel III standards in phases since April 1, 2013. PTI KPM  KPM HVA HVA<\/p><div class=\"trade-content-10\" id=\"trade-934995133\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-1253088741\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 24 (PTI) Public sector lender Bank of Maharashtra (BoM) on Thursday said it has raised Rs 290 crore by issuing Basel III compliant bonds. The bank issued Basel III compliant additional tier 1 (AT1) bonds of Rs 290 crore, including green shoe option of Rs 40 crore, on Wednesday at a coupon [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-31144","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of Maharashtra raises Rs 290 cr via AT1 bonds - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-bom-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Maharashtra raises Rs 290 cr via AT1 bonds\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 24 (PTI) Public sector lender Bank of Maharashtra (BoM) on Thursday said it has raised Rs 290 crore by issuing Basel III compliant bonds. 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